The Master Group, the private distributor in the HVAC-R sector in Canada, has aquired all the shares of Saskatchewan distributor Davies Supply Group Ltd. The transaction includes all of Davies Supply’s operations, including the head office in Saskatoon and two branches in Calgary and Lethbridge, Alberta. The company specializing in the distribution of heating & air conditioning parts and water treatment/pump products will continue its operations under its current name of Davies Supply Group Ltd.
An important step in The Master Group’s expansion plan, this acquisition reinforces Master’s position as a national company.
“For several years, Master has paved the way for an accelerated growth towards the Pacific Ocean and this acquisition clearly takes us just a few steps from the finish line,” said Louis St-Laurent, president and Chief Executive Officer, The Master Group. “During our first meetings, we quickly identified many points in common with the Davies Supply team and found that their corporate culture was very similar to ours, focused on the quality of products, on service and especially on the importance of customers and employees, and this aspect was a determining factor for the continuation of our acquisition project. From an operational point of view, the Davies acquisition offers significant benefits, including immediate implementation with three fully functional branches and dedicated people with extensive market knowledge. We are very pleased to welcome Davies to our company and we extend a warm welcome to every member of the team.”
“Being part of a Canadian company with such an impressive growth profile represents tremendous opportunities for the company and all our employees, and we are very excited to join the Group,” said Phil Edington, president, Davies Supply Group Ltd. “We are pleased to join forces with Master: to our strong expertise especially with parts, we will now add an extensive equipment offer from the most renowned brands in the industry, added to an in-depth technical expertise. In short to provide some very solid benefits for our current and future customers.”